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Trading System Using Relative Strength-Part 2

  • #81
  • Oct 17, 2008 7:56am Oct 17, 2008 7:56am
Guys, chillax

Please trust me.. a crossover of a rsi vs another rsi or of a MA vs another MA isnt really going to change the market.

Cuz most big shot trades and bank look at the longterm and things that can favour them

Thats why most of these crossover craps fail...

Sorry to be harsh , just want that uall win,

Thank you,
Nimrod aka dznmrd
  • #82
  • Oct 17, 2008 8:21am Oct 17, 2008 8:21am
Quoting qz10cq
This kind of sums up what FF's indicators are doinf for us. This is from http://www.forexfactory.com/showthread.php?t=109599


The easiest way to see the composition of a cross currency is to observe the underlying currencies........., etc.

I hope this articulates a few points of your discussion in this thread.

Keep your powder dry, Cheers!

pipsqueak4x
Very nice observations... It proves once more you're never to old to learn. I'll have to read this several times to grasp all the details.......

Thank you, John
  • #83
  • Oct 17, 2008 8:29am Oct 17, 2008 8:29am
Quoting John Edwards
Very nice observations... It proves once more you're never to old to learn. I'll have to read this several times to grasp all the details.......

Thank you, John
Yeah me to John....
  • #84
  • Edited 8:51am Oct 17, 2008 8:31am | Edited 8:51am
Quoting FerruFx
If you can code an EA, you are able to mod the CCFp for IBFX. Right?

OK here's attached my personal IBFXm compatible version.

FerruFx
Yes, I did that just now and seems to be better now, just wasn't sure if the CCFp.mq4 version that I found was the same as the original ex4 that was posted.
I'm no coder but I can make my way around the code and make changes and mods to suite my needs Coder in training Thanks for your version
I like the command you used "sub=StringSubstr(Symbol(),6,3);"
I just changed the actual symbols - double EURUSD_Fast = ma("EURUSDm", Fa..... in my version
Going to have to test now.
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #85
  • Oct 17, 2008 8:59am Oct 17, 2008 8:59am
I used the reverse method on this and I closed it with over +320 pips in less than an hour. Sorry not the best chart example but i had 9 out of 11 trades in profit. I closed it fast. Paris
Attached Image (click to enlarge)
Click to Enlarge Name: chart photo.gif Size: 79 KB
  • #86
  • Oct 17, 2008 8:59am Oct 17, 2008 8:59am
Made 2 trades in last 2 hrs on the only signal given me by FF's indicator (level 2) and made +50 on both.
  • #87
  • Oct 17, 2008 9:07am Oct 17, 2008 9:07am
FerruFX,

First of all I agree that all your indicators here are a marvelous piece art !!!

However would it be possible to insert a true/false condition regarding the MA conditions..... I mean overrule the MA's completely and simply take the CLOSE values of both candles to obtain the of SELL and BUY advise?

Having this option would provide a more secure Multitimeframe determination for go or no go of a trade........., i.e. purely based on the CLOSE conditions of the two latest bars. Using 3 TF's (H4, H1 adn M30) I'd like to show how this adds up in order to get a better entry validity... of course regarding the trading system we are discussing here.

I understand that in fact you are doing something like this with your latest "Current Version".... Taking the previous Close and the current Close ?

THX, John
  • #88
  • Oct 17, 2008 9:07am Oct 17, 2008 9:07am
Quoting Paris Hilton
I used the reverse method on this and I closed it with over +320 pips in less than an hour. Sorry not the best chart example but i had 9 out of 11 trades in profit. I closed it fast. Paris
That ranging market reverse is paying off for you. Keeps us updated.
  • #89
  • Oct 17, 2008 9:25am Oct 17, 2008 9:25am
I use only the Ferrufx indicator ( which is fantastic) and i set it to level zero to get the most trades. And if the market is ranging I'll trade reverse signals. So far I've made over +950 pips in 2 days with this strategy. As a matter of fact everyday trade I would've taken with the reverse method on FXDD gmt+3 I would've profited on all 3 days before this as well. Works great! Paris
  • #90
  • Oct 17, 2008 9:29am Oct 17, 2008 9:29am
Quoting qz10cq
That ranging market reverse is paying off for you. Keeps us updated.
I reversed the 8:00 4 hours signals and closed at +$200.
Then I reversed 2 of the 9 am 1hr signals (AJ and AU) and closed at +$50. I'm using the Ferrufx indicator. For the 4 hour i use trade level 1 and for the 1hour i use trade level 2.

I have to say I like the 1 hours trades: smaller # of traded signals = reduced margin and risk.

And to top it iff this is fun!! Lol

Sandy
  • #91
  • Oct 17, 2008 9:33am Oct 17, 2008 9:33am
Quoting Paris Hilton
I use only the Ferrufx indicator ( which is fantastic) and i set it to level zero to get the most trades. And if the market is ranging I'll trade reverse signals. So far I've made over +950 pips in 2 days with this strategy. As a matter of fact everyday trade I would've taken with the reverse method on FXDD gmt+3 I would've profited on all 3 days before this as well. Works great! Paris

as a fxdd live user i've noticed this too. this trading method is excellent in actually learning how to trade as you're gaining an understanding that each currency moves not just the cross on its own. however, on fxdd it seems to be be harder in filtering maybe due to liquidity of fxdd but reversing the signals given on fxdd seems to work out well. i've noticed that pretty much every signal i've gotten on fxdd would have be profitable as a reverse, even if it eventually goes back into my direction later in the 4h candle. even the pipnailer thread wasn't using fxdd but ibfx for signals due to differences in data. is fxdd just that bad of a broker? lol.
  • #92
  • Oct 17, 2008 9:34am Oct 17, 2008 9:34am
I am attaching tw indicaor which can be used to cross check with chart
before entry

In cpp you have to change the currency true or flase in individual chart
Attached File(s)
File Type: ex4 CCp.ex4   19 KB | 931 downloads
File Type: ex4 CFP.ex4   14 KB | 950 downloads
  • #93
  • Oct 17, 2008 9:37am Oct 17, 2008 9:37am
Quoting FerruFx
Here it is:

The CCFp-Diff_[v1.03_current] is EXACTLY the same except that it compare the current CCFp values with the previous CCFp values instead of the 2 previous bars.

I removed everything about the trades suggestions.

FerruFx
How will this improve on the original ver 1.03??
  • #94
  • Oct 17, 2008 9:39am Oct 17, 2008 9:39am
I reversed traded on the 1 hr indicator set at 0. It gave me 14 trades and went to over $200 within 15 minutes. It then went down to $25 back up to $200, down to $40, and then up over $200 again. I finally closed out all for
+$195.

Broker : IBFX
Indicator: CCFp-DIFF_(v1.02)

Mitch


Oh yeah and over the last day +, I have had only 1 loss trading reverse (all wins $150-$200)
  • #95
  • Oct 17, 2008 9:39am Oct 17, 2008 9:39am
Quoting John Edwards
Hello all,

This is my first post in this forum. I am a 62 year old trader... trading stocks and options for about 15 years untill 2004 and switched completely to forex in 2005......

I have been awaiting admittance for a couple of days and noticed today that I may go ahead.

Having followed this thread and the previous one right from the beginning..... I'm glad to see that there still is enough enthusiasm here to continue and finetune.

I agree with FerruFX that this is what has to be done. Somewhere this weekend ...... when trading has stopped..... I'll contribute my view on entry and exit for this system.... for actually you can do this trick (only?)much safer when right at the beginning of a starting trend......

We have seen enough evidence that in a choppy or sideways market losses are cumulative and huge.... which even made some people believe that reversing sells and buys would be the solution......

qz10cq.......In the meantime I'd love to have a glance at your ways trading this system...... Would you be so kind providing us a screenshot and template and the other stuff that is needed to set it all up the right way?

THX. John
John. Welcome to the forum and we look forward to your entry and exit discussion.

Sandy
  • #96
  • Oct 17, 2008 9:39am Oct 17, 2008 9:39am
FerruFx

I have downloaded the CCFp-Diff_ v1.02, recently, and added to experts/custom indicators folder in my MT4 platform in www.fxpro.com(previously north finance.com), but it apppears, if i attach to the charts,
it will not display anything, for me.Nor the data will apppear, but it shows indicators list on the chart. Let me know what is the problem, to rectify the same. Giuide me in this regard.

Is this the latest version, pls help me, give the link/page for downloading
current version for my use. thx in adv.
17th oct 08
  • #97
  • Oct 17, 2008 9:49am Oct 17, 2008 9:49am
Quoting RaverStyleTim2
as a fxdd live user i've noticed this too. this trading method is excellent in actually learning how to trade as you're gaining an understanding that each currency moves not just the cross on its own. however, on fxdd it seems to be be harder in filtering maybe due to liquidity of fxdd but reversing the signals given on fxdd seems to work out well. i've noticed that pretty much every signal i've gotten on fxdd would have be profitable as a reverse, even if it eventually goes back into my direction later in the 4h candle. even the pipnailer thread wasn't using fxdd but ibfx for signals due to differences in data. is fxdd just that bad of a broker? lol.
I have accounts at fxdd and ibfx. I've noticed from the beginning of the first thread that people trading with other brokers were having huge success and wiith fxdd I just had losses for the most part. For the 4H trade I wondered if the GMT+3 time that FXDD is on had any impact. Do we really need to run that trade at GMT?

The funny thing is that IBFX usually gets criticism for bad feeds and some have said EAs don't work as well on ibfx. So seeing the original system work well on ibfx but not on fxdd was puzzling. However ibfx's time is GMT.

Sandy
  • #98
  • Oct 17, 2008 9:50am Oct 17, 2008 9:50am
qz, was that with lining up 4 TFs?

Quoting qz10cq
Made 2 trades in last 2 hrs on the only signal given me by FF's indicator (level 2) and made +50 on both.
  • #99
  • Oct 17, 2008 10:06am Oct 17, 2008 10:06am
Congrats in opening a new thread. Believe me the concept of CCfp is excellant.I did not have the patience or time to devote and hence had to close the thread.I am very sorry If I had hurt others feelings by doing this.

First I want to congratulate Paris for all the positive pips .SHE IS ABSOLUTELY RIGHT ON TARGET.

YES IT WORKS WHEN YOU REVERSE and it happens on ALL platform.
The reason why it works is simple.Read and Read the the artcle on CCfp at Mq4.
We all have been looking at the data correctly but have been interpreting it WRONG.
When we say the currency is +, that means on CCFP indicator it is ABOVE the 0 line and vice versa.
If you read on CCFP , it says clearly the currencies WILL MOVE TO CENTER. In other words the currency that is above the ZERO line WILL come down and vice versa.
THIS IS THE REASON WHY PARIS TRADES ARE WORKING GOOD>

So Now Ferrufx should create an indicator showing reverse signals or have an option to do so.
Thanks
Kris
  • #100
  • Oct 17, 2008 10:17am Oct 17, 2008 10:17am
Quoting matrixebiz
Thanks for your version
I like the command you used \\"sub=StringSubstr(Symbol(),6,3);\\"
I just changed the actual symbols - double EURUSD_Fast = ma(\\"EURUSDm\\", Fa..... in my version
Why change something that work for ALL caracters added by brokers?

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
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